Aug 22, 2013

Watch Out For Walmart Debit Cards!

My client wanted her Social Security benefits deposited to her Walmart debit card. After her disability claim was approved by Social Security, the U.S. Treasury tried to direct deposit her back benefits to the Walmart debit card. Unfortunately, Walmart limits each individual direct deposit to one of its debit cards to $7,000. My client's back benefits were more than $7,000 so the money bounced back to the U.S. Treasury delaying her receipt of the back benefits. Watch out on Walmart debit cards. They can cause problems for many people applying for Social Security disability benefits.

with little or bad credit history, it is nearly impossible to open a checking account at most every bank. further, most banks' hours are not compatible with the work schedules and life schedules of many people. getting a bank account simply isn't that simple for many of our fellow citizens.

If the Wal-Mart debit card has a limit, then ask SSA to pay the back benefits in installments.

As for ANON 3:00 pm, if this woman is choosing a Walmart debit card, her debit card options were probably not that great and she probably had no realistic expectation of ever having enough money on the card to make a limit matter.